Notice of Application
Maritime Electric Company, Limited Approval of 2017 Capital Budget
TAKE NOTICE
that Maritime Electric Company, Limited ("Maritime Electric") has filed the 2017 capital budget for the approval of the Island Regulatory and Appeals Commission (the "Commission"). This is Commission
Docket #UE20725.
BACKGROUND
Maritime Electric is required, under Section 17 (1) of the
Electric Power Act, to submit to the Commission for its approval an annual capital budget of proposed improvements or additions to the property of the public utility
for 2017.
DETAILS
Maritime Electric
is seeking approval for capital expenditures of $29,399,000 which it states are reasonable and necessary to ensure the provision of cost effective, safe and reliable service to customers. The planned capital expenditures are broken down as follows:
Expenditure
|
Amount
|
Generation
|
1,253,000
|
Distribution
|
18,030,000
|
Transmission
|
8,641,000
|
Corporate
|
1,068,000
|
Capitalized General Expense
|
491,000
|
Interest During Construction
|
316,000
|
Less: Customer Contributions
|
(400,000)
|
Net Capital Expenditures
|
$29,399,000
|
HOW TO SEE THE APPLICATION
A complete copy of the application, including a detailed breakdown of planned expenditures, can be obtained by clicking
here.
Any person wishing to obtain a hard copy of the filing can do so by writing to Maritime Electric at the address below.
HOW TO COMMENT AND ASK QUESTIONS
Persons wishing to comment on the
application can do so by writing to the Commission at the address below.
Comments must be received no later than Friday, September 30, 2016.
Persons wishing to pose questions to Maritime Electric on the
application may do so by sending their questions, in writing, to
Maritime Electric on or before Friday, September 9, 2016.
Questions posed to Maritime Electric must be answered by
Maritime Electric, in writing, on or before Friday, September 16, 2016.
All written questions and written answers must be copied to, or filed with the Commission not later than Friday, September
30, 2016.
FOR ADDITIONAL INFORMATION
Additional information on the application can be obtained by contacting Maritime Electric at 629-3756. Written communications should be forwarded to:
S.D. Loggie, CPA, CA
Vice-President, Finance
&
Chief Financial Officer
Maritime Electric Company, Limited
P.O. Box 1328
Charlottetown, PE C1A 7N2
|
J.M.
Lanigan, CPA, CA
Regulatory Services
Island Regulatory & Appeals Commission
P.O. Box 577
Charlottetown, PE C1A 7L1
email: info@irac.pe.ca
|
DATED
at Charlottetown, this 10th day of August, 2016.
Posted: 2016/08/09
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